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Tag: bankruptcy

Air France-KLM to acquire stake in SAS Scandinavian Airlines

It's the surprise announcement of the week: Air France-KLM is about to take a 19.9% stake in SAS with a view to an industrial and commercial partnership. An announcement that naturally raises many questions about the outcome of this...

Why are non-US airlines using Chapter 11?

The famous Chapter 11 allows, in the United States, businesses in difficulty to restructure by sheltering themselves from their creditors. Thus, it was widely used by US airlines in difficulty to regain their health when they were on the...

SAS files for bankruptcy to better reorganize itself

If most of the European airlines came out of the COVID crisis relatively unscathed, mainly thanks to state aid, SAS Scandinavian Airlines is in rather bad shape. SAS in trouble As we revealed several weeks ago, the Scandinavian airline, with...

SAS in bankruptcy and on the verge of going under foreign flag: what impact for customers?

The Scandinavian airline, on the verge of bankruptcy, is likely to be taken over by foreign investors. If its survival does not seem compromised, the pill may be bitter for its loyal customers depending on the identity of the...

Air France victim of white-collar terrorism!

Air France-KLM's long road to recapitalization, made unavoidable by the health crisis, is not over. But this is just another long episode in the history of a business that has rarely held its destiny in its own hands. Terrorism has...

What will the “new Alitalia” look like?

We're beginning to know a little more about what the "new Alitalia" will look like, even if many grey areas remain. Let's not forget that before the pandemic, we were following with interest what was known as the "Alitalia soap...

Recapitalization of Air France: a necessity and some pitfalls

Last week, Anne Rigail, CEO of Air France, admitted to Europe 1 that the company would have to be recapitalized after the COVID 19 crisis since it has become too fragile. A logical announcement that was expected and that...

Where did the money that saved the airlines come from?

The COVID-19 has taken a toll on the airline economy and airlines around the world have had to call for help to survive the crisis. In most cases the States have done the job and helped their national airlines, or...

No exceptional rescue for the SNCF?

In France as well as abroad, the public authorities are coming to the rescue of the tourism sector which has suffered perhaps more than any other from COVID-19. The airline industry, of course, but also the hotel industry, the...